Can you please provide me the latest MF and residual for the 2016 X5 xDrive50i....36m/12k miles and any incentives, incl. loyalty. Thank you very much.
Can you please provide me the latest MF and residual for the 2016 X5 xDrive50i....36m/12k miles and any incentives, incl. loyalty. Thank you very much.
.00131 and 57%. $1500 option credit and $1500 loyalty credit.
Hi; Can you please advise if this is a good option to do;
Dealer offering early trade-in or pull ahead from them. My Lease would be up 4/2/16 and current payment 665 a mo. so 3 payments left.
'16 X5 35i MSRP: 64,245 36mo./10k MF: .00082 with MSD's RV: 58% Tax, tags, fees out of pocket Monthly would be $635
Sell Price 55,335 BUT My last 3 payments which total 1,995 would be added in so Total would be 57,330 giving me a payment of 635 a mo.
Is it a good idea to roll those payments in to get this months incentives which is 3k? It sounds like a great price at 55,335 but the 2k of payments rolled in does not.
Hi; Can you please advise if this is a good option to do;
Dealer offering early trade-in or pull ahead from them. My Lease would be up 4/2/16 and current payment 665 a mo. so 3 payments left.
'16 X5 35i MSRP: 64,245 36mo./10k MF: .00082 with MSD's RV: 58% Tax, tags, fees out of pocket Monthly would be $635
Sell Price 55,335 BUT My last 3 payments which total 1,995 would be added in so Total would be 57,330 giving me a payment of 635 a mo.
Is it a good idea to roll those payments in to get this months incentives which is 3k? It sounds like a great price at 55,335 but the 2k of payments rolled in does not.
Any advise is greatly appreciated!!!
The $2000 being rolled in is adding about $55/mo to your payment - but, if they are talking about a pull-ahead, then the remaining payments ought to be waived.
Hi; Can you please advise if this is a good option to do;
Dealer offering early trade-in or pull ahead from them. My Lease would be up 4/2/16 and current payment 665 a mo. so 3 payments left.
'16 X5 35i MSRP: 64,245 36mo./10k MF: .00082 with MSD's RV: 58% Tax, tags, fees out of pocket Monthly would be $635
Sell Price 55,335 BUT My last 3 payments which total 1,995 would be added in so Total would be 57,330 giving me a payment of 635 a mo.
Is it a good idea to roll those payments in to get this months incentives which is 3k? It sounds like a great price at 55,335 but the 2k of payments rolled in does not.
Any advise is greatly appreciated!!!
The $2000 being rolled in is adding about $55/mo to your payment - but, if they are talking about a pull-ahead, then the remaining payments ought to be waived.
Basically it's not pull ahead. They are saying that they are discounting the new car far enough to absorb the left over payments. They would not be able to do this in April since the 3k incentives would not be available and I would get worse numbers then. Not sure about April incentives....if any? Does 55,335 sell price sound like an over the top discount to 64,245 MSRP on a 2016 X5 35i ?
Hi; Can you please advise if this is a good option to do;
Dealer offering early trade-in or pull ahead from them. My Lease would be up 4/2/16 and current payment 665 a mo. so 3 payments left.
'16 X5 35i MSRP: 64,245 36mo./10k MF: .00082 with MSD's RV: 58% Tax, tags, fees out of pocket Monthly would be $635
Sell Price 55,335 BUT My last 3 payments which total 1,995 would be added in so Total would be 57,330 giving me a payment of 635 a mo.
Is it a good idea to roll those payments in to get this months incentives which is 3k? It sounds like a great price at 55,335 but the 2k of payments rolled in does not.
Any advise is greatly appreciated!!!
The $2000 being rolled in is adding about $55/mo to your payment - but, if they are talking about a pull-ahead, then the remaining payments ought to be waived.
Basically it's not pull ahead. They are saying that they are discounting the new car far enough to absorb the left over payments. They would not be able to do this in April since the 3k incentives would not be available and I would get worse numbers then. Not sure about April incentives....if any? Does 55,335 sell price sound like an over the top discount to 64,245 MSRP on a 2016 X5 35i ?
That is a good discount on an X5, for sure.
Nobody knows what the incentives will be 4 months from now.
I see a few people mentioning they are getting tax credits. Im in NY and never heard of such discount can someone clarify? Thanks
It's a Texas thing. Texas charges tax on the full selling price. Since the leasing bank owns the car, they get trade-in tax credits, and then pass them along to their customers.
I wanted to know if I am getting a good deal on 2016 x5 xdrive 35i. The cars msrp is 69,795. They are asking for 1,428 up front includes first payment and dmv fees 36/10 788 a month taxes are included in the payment.
I wanted to know if I am getting a good deal on 2016 x5 xdrive 35i. The cars msrp is 69,795. They are asking for 1,428 up front includes first payment and dmv fees 36/10 788 a month taxes are included in the payment.
Need to know the selling price or net cap cost; also, the state and tax rate.
And, the full breakdown of the $1428 due at signing.
.00131 and 58% are the lease numbers for 36/10.
$1000 loyalty credit and $1000 Happier Holiday Adder.
Does the avg prices paid that Edmunds displays on their pricing pages contain the incentives? I'm looking at a 2016 BMW X5. The MSRP of $66870 has an avg price paid of $62312. If I then subtract the loyalty credit and happier holiday incentive would give $60312. From there... I'd use .00131 and 58% for a 36/10 lease calculation. Is the right way to go about it?
Does the avg prices paid that Edmunds displays on their pricing pages contain the incentives? I'm looking at a 2016 BMW X5. The MSRP of $66870 has an avg price paid of $62312. If I then subtract the loyalty credit and happier holiday incentive would give $60312. From there... I'd use .00131 and 58% for a 36/10 lease calculation. Is the right way to go about it?
My guess .. and, it's only a guess ... is that the TMV includes the incentives.
Does the avg prices paid that Edmunds displays on their pricing pages contain the incentives? I'm looking at a 2016 BMW X5. The MSRP of $66870 has an avg price paid of $62312. If I then subtract the loyalty credit and happier holiday incentive would give $60312. From there... I'd use .00131 and 58% for a 36/10 lease calculation. Is the right way to go about it?
My guess .. and, it's only a guess ... is that the TMV includes the incentives.
OK... thanks... so can someone tell me if you iphone lease calculator is working correctly?
Using MSRP of 66870 and Cap Cost of 62312 and the X5's MF of .00131 and 58% residual... forgetting everything else... that yields $785.98/month. Obviously there are other fees and taxes... but for just the depreciation and financing part of the equation... is this correct?
Does the avg prices paid that Edmunds displays on their pricing pages contain the incentives? I'm looking at a 2016 BMW X5. The MSRP of $66870 has an avg price paid of $62312. If I then subtract the loyalty credit and happier holiday incentive would give $60312. From there... I'd use .00131 and 58% for a 36/10 lease calculation. Is the right way to go about it?
My guess .. and, it's only a guess ... is that the TMV includes the incentives.
OK... thanks... so can someone tell me if you iphone lease calculator is working correctly?
Using MSRP of 66870 and Cap Cost of 62312 and the X5's MF of .00131 and 58% residual... forgetting everything else... that yields $785.98/month. Obviously there are other fees and taxes... but for just the depreciation and financing part of the equation... is this correct?
Does the avg prices paid that Edmunds displays on their pricing pages contain the incentives? I'm looking at a 2016 BMW X5. The MSRP of $66870 has an avg price paid of $62312. If I then subtract the loyalty credit and happier holiday incentive would give $60312. From there... I'd use .00131 and 58% for a 36/10 lease calculation. Is the right way to go about it?
My guess .. and, it's only a guess ... is that the TMV includes the incentives.
OK... thanks... so can someone tell me if you iphone lease calculator is working correctly?
Using MSRP of 66870 and Cap Cost of 62312 and the X5's MF of .00131 and 58% residual... forgetting everything else... that yields $785.98/month. Obviously there are other fees and taxes... but for just the depreciation and financing part of the equation... is this correct?
Yes.. $785.98 is correct with those numbers.
Thanks... so my next question is more subtle I guess... how do I determine a "good deal"? Are the Edmunds prices paid a good target? Even if you hit that target, how do I know if it's a good lease? The last time I leased a car was in 2013 and it sure seems lease payments are much higher. Is that the case?
Does the avg prices paid that Edmunds displays on their pricing pages contain the incentives? I'm looking at a 2016 BMW X5. The MSRP of $66870 has an avg price paid of $62312. If I then subtract the loyalty credit and happier holiday incentive would give $60312. From there... I'd use .00131 and 58% for a 36/10 lease calculation. Is the right way to go about it?
My guess .. and, it's only a guess ... is that the TMV includes the incentives.
OK... thanks... so can someone tell me if you iphone lease calculator is working correctly?
Using MSRP of 66870 and Cap Cost of 62312 and the X5's MF of .00131 and 58% residual... forgetting everything else... that yields $785.98/month. Obviously there are other fees and taxes... but for just the depreciation and financing part of the equation... is this correct?
Yes.. $785.98 is correct with those numbers.
Thanks... so my next question is more subtle I guess... how do I determine a "good deal"? Are the Edmunds prices paid a good target? Even if you hit that target, how do I know if it's a good lease? The last time I leased a car was in 2013 and it sure seems lease payments are much higher. Is that the case?
The prices here are good targets, but they are an average, and ideally you want to be below that.
We don't track selling prices - read back through the last page or two of this discussion to see what others have been able to negotiate.
I just wanted to confirm the current MF & RV on a 2016 X5 Xdrive 35i:
MF: 0.00131 RV: 57%
Thanks!.. I leased an X5 in 2013.. and it's quite clear leases are much higher than they were then. I'm not crazy about that at all.
X5's are some of the most popular vehicles, based on the amount of inventory available at the dealer. BMW apparently sees no need to make them attractive for leasing, yet folks continue to lease them.
I just wanted to confirm the current MF & RV on a 2016 X5 Xdrive 35i:
MF: 0.00131 RV: 57%
Thanks!.. I leased an X5 in 2013.. and it's quite clear leases are much higher than they were then. I'm not crazy about that at all.
X5's are some of the most popular vehicles, based on the amount of inventory available at the dealer. BMW apparently sees no need to make them attractive for leasing, yet folks continue to lease them.
agreed.... so maybe it's time to try something else. I doubt 2016 will be as good for auto sales as 2015.
Thanks for all the great information here. All the comments and information posted here must be saving thousands for everyone who reads this forum. I know I will be saving and I appreciate people taking the time to post comments and questions.
I'm looking to lease a 2016 X5 this month. I was planning on placing the order in December for delivery in January. The only problem is the dealer is telling me that I would not get the $1500 Owner Loyalty rebate because I won't take delivery before Dec 31.
Does anyone know if you can lock in rebates for a build order to be delivered in January?
Also, the dealer is telling me that the X5 is going up $800 Jan 1st. I'm told I can lock in the vehicle price price now so I don't get hit with another $800, but does anyone know if this is true?
Thanks for all the great information here. All the comments and information posted here must be saving thousands for everyone who reads this forum. I know I will be saving and I appreciate people taking the time to post comments and questions.
I'm looking to lease a 2016 X5 this month. I was planning on placing the order in December for delivery in January. The only problem is the dealer is telling me that I would not get the $1500 Owner Loyalty rebate because I won't take delivery before Dec 31.
Does anyone know if you can lock in rebates for a build order to be delivered in January?
Also, the dealer is telling me that the X5 is going up $800 Jan 1st. I'm told I can lock in the vehicle price price now so I don't get hit with another $800, but does anyone know if this is true?
I don't believe that incentives will carry forward for ordered vehicles. However, I do believe that you can either "lock in" the current program information or use the (as yet unknown) program information for the month in which you take delivery. So, if you choose to use the December information, you'll qualify for the rates and incentives from this month - in their entirety. Cannot mix and match numbers.
Here is a quote that I got from a dealer, can you guys review and let me know if this looks good or not.
The deal is BMW of Mt Laurel, NJ
BMW X5
MSRP - $62,995 Discount - $6769 Selling price - $56,226 Doc fee - $309 Licence/title -$$150 Acquisition fees- $925 Tax on collected item - $2257 Capitalized initial fees - $566 Total Cap - $60,434 Trade allowance - $4400 Rebate savings- $1500 Net cap - $54,534
Base payment - $556 Montly tax- $12
Residual 58% 10,000
7 MSD - $4200
I have a trade in for which they are offering $7000.
My state has a upfront 4% tax and the remaining 0.25 is every month.
I dont understand the trade allowance of $4400 that they put in there.
There are two deals here - the lease and the trade.
Leaving the trade aside, I get $700/mo if I use $58,934 as the net cap (total cap - rebate).
Is the trade equity being used as down payment or for MSD monies? If the former, then the $4400 of equity would reduce your payment $122/mo, which is still more than the payment you've been quoted.
Something seems off here. Have them rerun the numbers without the trade - how much cash is due at signing (MSD + taxes & fees + cap cost reduction)?
The $568/mo certainly looks good, but there may be things going on that we don't see.
The way I understood is the discount is $6769+$1500 for loyalty credit and another $500 for fleet discount which will be added on the final deal.
yes the trade is being used for MSD (7*600 = $4200) and tax, tags and acquisition fees which is dealer fees $309 Licence/title -$$150 Acquisition fees- $925 Tax on collected item - $2257 First month payment - $566
The way I understood is the discount is $6769+$1500 for loyalty credit and another $500 for fleet discount which will be added on the final deal.
yes the trade is being used for MSD (7*600 = $4200) and tax, tags and acquisition fees which is dealer fees $309 Licence/title -$$150 Acquisition fees- $925 Tax on collected item - $2257 First month payment - $566
Now is this supposed to be the net cap or do they have to add the acquisition fees to it , even if i am paying that out of pocket?
Residual 58% 10,000
The money factor will be 0.0006 which includes employees discount so it drops to 0.0008.
They also said that in Delaware you get a credit for your trade. Not sure how that is calculated.
Any help would be appreciated.
Do you owe anything on the trade? If I understand it correctly, the $7000 of trade equity is going to the MSD ($4200) and a majority of the up front taxes and fees ($4207) - so, you'd be writing the dealer a check for $1407.
Acquisition fee cannot be charged twice - if you are paying it up front, then it can't be added to your net cap cost.
If the taxes are calculated and collected up front, then the trade equity would reduce that obligation. Does Delaware calculate sales tax for a lease for the entire selling price or on the sum of the monthly payments?
I don't understand your statement about the money factor. .0006 is less than .0008.
Here is a quote that I got from a dealer, can you guys review and let me know if this looks good or not.
The deal is BMW of Mt Laurel, NJ
BMW X5
MSRP - $62,995 Discount - $6769 Selling price - $56,226 Doc fee - $309 Licence/title -$$150 Acquisition fees- $925 Tax on collected item - $2257 Capitalized initial fees - $566 Total Cap - $60,434 Trade allowance - $4400 Rebate savings- $1500 Net cap - $54,534
Base payment - $556 Montly tax- $12
Residual 58% 10,000
7 MSD - $4200
I have a trade in for which they are offering $7000.
My state has a upfront 4% tax and the remaining 0.25 is every month.
I dont understand the trade allowance of $4400 that they put in there.
That is one heck of a discount in my opinion. I'm in Florida and dealers are letting me walk out of the store with my offers of discounts much less than that.
Do you owe anything on the trade? If I understand it correctly, the $7000 of trade equity is going to the MSD ($4200) and a majority of the up front taxes and fees ($4207) - so, you'd be writing the dealer a check for $1407.
Acquisition fee cannot be charged twice - if you are paying it up front, then it can't be added to your net cap cost.
If the taxes are calculated and collected up front, then the trade equity would reduce that obligation. Does Delaware calculate sales tax for a lease for the entire selling price or on the sum of the monthly payments?
I don't understand your statement about the money factor. .0006 is less than .0008.
I think you are correct that how I would like to do it, I don't owe anything on the trade so I can get the $7000 check from the dealer and then write them a check for $8407 which is tax, tags, fees, 7 MSD.
The way it was told to me is that in Delaware they charge 4% upfront tax and then the remaining 0.25 on the monthly payments.
The money factor would come down to 0.0008 for doing 7 MSD and It would come down even more to 0.0006 because I can get an employer discount through BMW and my companies partnership.
Do you owe anything on the trade? If I understand it correctly, the $7000 of trade equity is going to the MSD ($4200) and a majority of the up front taxes and fees ($4207) - so, you'd be writing the dealer a check for $1407.
Acquisition fee cannot be charged twice - if you are paying it up front, then it can't be added to your net cap cost.
If the taxes are calculated and collected up front, then the trade equity would reduce that obligation. Does Delaware calculate sales tax for a lease for the entire selling price or on the sum of the monthly payments?
I don't understand your statement about the money factor. .0006 is less than .0008.
I think you are correct that how I would like to do it, I don't owe anything on the trade so I can get the $7000 check from the dealer and then write them a check for $8407 which is tax, tags, fees, 7 MSD.
The way it was told to me is that in Delaware they charge 4% upfront tax and then the remaining 0.25 on the monthly payments.
The money factor would come down to 0.0008 for doing 7 MSD and It would come down even more to 0.0006 because I can get an employer discount through BMW and my companies partnership.
Overall, it looks like a pretty killer deal. I was just trying to understand the mechanics behind it.
I have a few questions and am qualifying all this by saying I am completely new to car buying and car leasing.
1) I don't understand why the money factors people are posting here appear to be so high. According to the BMW website it looks like the x5 sDrive35i is being offered for lease at $649/month for 36 months with 10k miles/year with an MSRP of $60,295. It requires $5,074 cash due at signing, which includes a $3,500 down payment. This figure does not include the $925 acquisition fee, but when I run the numbers at a capitalized cost of $61,220 (this is just the MSRP plus the $925 acquisition fee) it looks like for this vehicle to hit a $649/mo payment the money factor would have to be 0.0005. But I see people quoting 0.00131 money factors for an x5. How is this possible?
2) If I would like to lease this x5, does this mean that I can negotiate the MSRP of $60,295 down so that my monthly payment becomes lower than $649/mo without changing the down payment or cash due at signing? Using the same money factor of 0.0005 this means that if I negotiate the price of the car down by 5% this in turn will bring down the capitalized cost down to $58,159. This will cause my monthly payment to drop from $649/mo to $562.37. That seems great. Am I thinking about this correctly?
3) I am also looking at other vehicles with lease offers, such as the MB GLE350 which has a monthly payment of $579 with cash due at signing of $5,173. Can I do the math similarly? Is this how I should be thinking about negotiating a lease? Look at the lease specials that are posted on the website of the car manufacturers, back into what the money factor is, and then try to negotiate the MSRP down so that I can bring down the monthly payment even lower than what is advertised on the manufacturers' websites?
I have a few questions and am qualifying all this by saying I am completely new to car buying and car leasing.
1) I don't understand why the money factors people are posting here appear to be so high. According to the BMW website it looks like the x5 sDrive35i is being offered for lease at $649/month for 36 months with 10k miles/year with an MSRP of $60,295. It requires $5,074 cash due at signing, which includes a $3,500 down payment. This figure does not include the $925 acquisition fee, but when I run the numbers at a capitalized cost of $61,220 (this is just the MSRP plus the $925 acquisition fee) it looks like for this vehicle to hit a $649/mo payment the money factor would have to be 0.0005. But I see people quoting 0.00131 money factors for an x5. How is this possible?
2) If I would like to lease this x5, does this mean that I can negotiate the MSRP of $60,295 down so that my monthly payment becomes lower than $649/mo without changing the down payment or cash due at signing? Using the same money factor of 0.0005 this means that if I negotiate the price of the car down by 5% this in turn will bring down the capitalized cost down to $58,159. This will cause my monthly payment to drop from $649/mo to $562.37. That seems great. Am I thinking about this correctly?
3) I am also looking at other vehicles with lease offers, such as the MB GLE350 which has a monthly payment of $579 with cash due at signing of $5,173. Can I do the math similarly? Is this how I should be thinking about negotiating a lease? Look at the lease specials that are posted on the website of the car manufacturers, back into what the money factor is, and then try to negotiate the MSRP down so that I can bring down the monthly payment even lower than what is advertised on the manufacturers' websites?
Thanks in advance for the help!
1) The CAP cost on the advertised lease isn't going to be MSRP + acq.fee. There is a dealer discount assumed and a factory incentive, that may not be disclosed in the ad.
2) See #1. There is already a discount assumed to get that advertised price. There is also no guarantee that you can even negotiate that deal, let alone a better one (though, you might).
3) Advertised deals might give you a starting point, as to what the monthly payment might be. But, you negotiate a lease, just like a purchase. Negotiate a low selling price, and start from there.
I have a few questions and am qualifying all this by saying I am completely new to car buying and car leasing.
1) I don't understand why the money factors people are posting here appear to be so high. According to the BMW website it looks like the x5 sDrive35i is being offered for lease at $649/month for 36 months with 10k miles/year with an MSRP of $60,295. It requires $5,074 cash due at signing, which includes a $3,500 down payment. This figure does not include the $925 acquisition fee, but when I run the numbers at a capitalized cost of $61,220 (this is just the MSRP plus the $925 acquisition fee) it looks like for this vehicle to hit a $649/mo payment the money factor would have to be 0.0005. But I see people quoting 0.00131 money factors for an x5. How is this possible?
2) If I would like to lease this x5, does this mean that I can negotiate the MSRP of $60,295 down so that my monthly payment becomes lower than $649/mo without changing the down payment or cash due at signing? Using the same money factor of 0.0005 this means that if I negotiate the price of the car down by 5% this in turn will bring down the capitalized cost down to $58,159. This will cause my monthly payment to drop from $649/mo to $562.37. That seems great. Am I thinking about this correctly?
3) I am also looking at other vehicles with lease offers, such as the MB GLE350 which has a monthly payment of $579 with cash due at signing of $5,173. Can I do the math similarly? Is this how I should be thinking about negotiating a lease? Look at the lease specials that are posted on the website of the car manufacturers, back into what the money factor is, and then try to negotiate the MSRP down so that I can bring down the monthly payment even lower than what is advertised on the manufacturers' websites?
Thanks in advance for the help!
1) The CAP cost on the advertised lease isn't going to be MSRP + acq.fee. There is a dealer discount assumed and a factory incentive, that may not be disclosed in the ad.
2) See #1. There is already a discount assumed to get that advertised price. There is also no guarantee that you can even negotiate that deal, let alone a better one (though, you might).
3) Advertised deals might give you a starting point, as to what the monthly payment might be. But, you negotiate a lease, just like a purchase. Negotiate a low selling price, and start from there.
And, recognize that on these national or regional offers, the down payment is meant to make for a more attractive lease payment.
However, we don't recommend making one - if the car is stolen or totaled, you lose that money.
I have recently been debating about getting an X5. Currently own an 2013 RX350. Really new to this lease idea, so trying to understand if it makes sense to trade in and start a lease or sell private then start a lease?
If I trade in the car does value that go towards lowering the capitalized cost or does that trade in go towards paying the lease payments?
I have recently been debating about getting an X5. Currently own an 2013 RX350. Really new to this lease idea, so trying to understand if it makes sense to trade in and start a lease or sell private then start a lease?
If I trade in the car does value that go towards lowering the capitalized cost or does that trade in go towards paying the lease payments?
Thanks in Advance.
If you have equity in your trade, you could use that against the cap cost, but we don't recommend it. If the new car is stolen or totaled, you would lose that money.
Instead consider using the equity for multiple security deposits to 'buy down' the money factor and lower your payment. The difference is that you get the MSD monies back at the end of the lease.
Another option is to simply have the dealer cut you a check for the equity.
You may get more for your car if you sell privately, but there may be tax advantages to trading in, depending on what state you live in.
I have recently been debating about getting an X5. Currently own an 2013 RX350. Really new to this lease idea, so trying to understand if it makes sense to trade in and start a lease or sell private then start a lease?
If I trade in the car does value that go towards lowering the capitalized cost or does that trade in go towards paying the lease payments?
Thanks in Advance.
If you have equity in your trade, you could use that against the cap cost, but we don't recommend it. If the new car is stolen or totaled, you would lose that money.
Instead consider using the equity for multiple security deposits to 'buy down' the money factor and lower your payment. The difference is that you get the MSD monies back at the end of the lease.
Another option is to simply have the dealer cut you a check for the equity.
You may get more for your car if you sell privately, but there may be tax advantages to trading in, depending on what state you live in.
Thanks Michaell. Looks like MSD or getting that check would be the better options. Doesn't look like NJ has any tax benefits for a trade in.
Hello, I'm ordering a new X5 40E for my Wife. I was offered invoice less $3500. I'm a returning BMW customer. I was offered MF of .00131 and residual of 59% on 24 months for 15k/year. Sound good? Dealer says I can take advantage of better residual/MF of either now (when I was approved) or the month that I take delivery. I noticed earlier on the page that there are some discounts, so the $3500 back of invoice doesn't seem like as much of a good deal as I thought, but still seemed ok to me. I put a deposit down of $1000 today but I'm not obligated I'm told. Would love your feedback on this deal. I am in Southern CA. Also, wondering what the "deal" is with MSDs - is it a good deal? I'm happy to put cash down as part of MSD if you think it's worthwhile. Does this get rid of the GAP insurance that's included with leases in CA? Thanks so much.
Hello, I'm ordering a new X5 40E for my Wife. I was offered invoice less $3500. I'm a returning BMW customer. I was offered MF of .00131 and residual of 59% on 24 months for 15k/year. Sound good? Dealer says I can take advantage of better residual/MF of either now (when I was approved) or the month that I take delivery. I noticed earlier on the page that there are some discounts, so the $3500 back of invoice doesn't seem like as much of a good deal as I thought, but still seemed ok to me. I put a deposit down of $1000 today but I'm not obligated I'm told. Would love your feedback on this deal. I am in Southern CA. Also, wondering what the "deal" is with MSDs - is it a good deal? I'm happy to put cash down as part of MSD if you think it's worthwhile. Does this get rid of the GAP insurance that's included with leases in CA? Thanks so much.
I confirm the .00131 MF and 59% residual for 24/15.
I also see $1500 option credit, $1500 loyalty credit and $3000 lease credit for this model, so I agree that your offer might have some room to improve.
MSDs can be used to 'buy down' the MF - does not affect the GAP insurance.
Comments
thanks
$1500 option credit and $1500 loyalty credit.
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Can you please provide me the latest MF and residual for the 2016 X5 xDrive50i....36m/12k miles and any incentives, incl. loyalty. Thank you very much.
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Is there a 39 mo. lease right now for X5 '16 ?
Would the residual, MF be the same?
Trying to figure out what's best, 36 mo. or 39 mo.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Dealer offering early trade-in or pull ahead from them.
My Lease would be up 4/2/16 and current payment 665 a mo. so 3 payments left.
'16 X5 35i
MSRP: 64,245
36mo./10k
MF: .00082 with MSD's
RV: 58%
Tax, tags, fees out of pocket
Monthly would be $635
Sell Price 55,335 BUT
My last 3 payments which total 1,995 would be added in so
Total would be 57,330
giving me a payment of 635 a mo.
Is it a good idea to roll those payments in to get this months incentives which is 3k?
It sounds like a great price at 55,335 but the 2k of payments rolled in does not.
Any advise is greatly appreciated!!!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Not sure about April incentives....if any?
Does 55,335 sell price sound like an over the top discount to 64,245 MSRP on a 2016 X5 35i ?
Nobody knows what the incentives will be 4 months from now.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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And, the full breakdown of the $1428 due at signing.
.00131 and 58% are the lease numbers for 36/10.
$1000 loyalty credit and $1000 Happier Holiday Adder.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Using MSRP of 66870 and Cap Cost of 62312 and the X5's MF of .00131 and 58% residual... forgetting everything else... that yields $785.98/month. Obviously there are other fees and taxes... but for just the depreciation and financing part of the equation... is this correct?
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We don't track selling prices - read back through the last page or two of this discussion to see what others have been able to negotiate.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MF: 0.00131
RV: 57%
There is $1500 option credit and $1500 loyalty credit also available
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I'm looking to lease a 2016 X5 this month. I was planning on placing the order in December for delivery in January. The only problem is the dealer is telling me that I would not get the $1500 Owner Loyalty rebate because I won't take delivery before Dec 31.
Does anyone know if you can lock in rebates for a build order to be delivered in January?
Also, the dealer is telling me that the X5 is going up $800 Jan 1st. I'm told I can lock in the vehicle price price now so I don't get hit with another $800, but does anyone know if this is true?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The deal is BMW of Mt Laurel, NJ
BMW X5
MSRP - $62,995
Discount - $6769
Selling price - $56,226
Doc fee - $309
Licence/title -$$150
Acquisition fees- $925
Tax on collected item - $2257
Capitalized initial fees - $566
Total Cap - $60,434
Trade allowance - $4400
Rebate savings- $1500
Net cap - $54,534
Base payment - $556
Montly tax- $12
Residual 58%
10,000
7 MSD - $4200
I have a trade in for which they are offering $7000.
My state has a upfront 4% tax and the remaining 0.25 is every month.
I dont understand the trade allowance of $4400 that they put in there.
Leaving the trade aside, I get $700/mo if I use $58,934 as the net cap (total cap - rebate).
Is the trade equity being used as down payment or for MSD monies? If the former, then the $4400 of equity would reduce your payment $122/mo, which is still more than the payment you've been quoted.
Something seems off here. Have them rerun the numbers without the trade - how much cash is due at signing (MSD + taxes & fees + cap cost reduction)?
The $568/mo certainly looks good, but there may be things going on that we don't see.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
yes the trade is being used for MSD (7*600 = $4200)
and tax, tags and acquisition fees which is
dealer fees $309
Licence/title -$$150
Acquisition fees- $925
Tax on collected item - $2257
First month payment - $566
Total - $4207
+ (7*600) - $4200
$8407 should be out of pocket
So it should be
MSRP - $62,995
Discount - $6769
Rebate savings- $1500
Fleet discount -$500
Selling price - $54,226
Now is this supposed to be the net cap or do they have to add the acquisition fees to it , even if i am paying that out of pocket?
Residual 58%
10,000
The money factor will be 0.0006 which includes employees discount so it drops to 0.0008.
They also said that in Delaware you get a credit for your trade. Not sure how that is calculated.
Any help would be appreciated.
Acquisition fee cannot be charged twice - if you are paying it up front, then it can't be added to your net cap cost.
If the taxes are calculated and collected up front, then the trade equity would reduce that obligation. Does Delaware calculate sales tax for a lease for the entire selling price or on the sum of the monthly payments?
I don't understand your statement about the money factor. .0006 is less than .0008.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Do you owe anything on the trade? If I understand it correctly, the $7000 of trade equity is going to the MSD ($4200) and a majority of the up front taxes and fees ($4207) - so, you'd be writing the dealer a check for $1407.
Acquisition fee cannot be charged twice - if you are paying it up front, then it can't be added to your net cap cost.
If the taxes are calculated and collected up front, then the trade equity would reduce that obligation. Does Delaware calculate sales tax for a lease for the entire selling price or on the sum of the monthly payments?
I don't understand your statement about the money factor. .0006 is less than .0008.
I think you are correct that how I would like to do it, I don't owe anything on the trade so I can get the $7000 check from the dealer and then write them a check for $8407 which is tax, tags, fees, 7 MSD.
The way it was told to me is that in Delaware they charge 4% upfront tax and then the remaining 0.25 on the monthly payments.
The money factor would come down to 0.0008 for doing 7 MSD and It would come down even more to 0.0006 because I can get an employer discount through BMW and my companies partnership.
Acquisition fee cannot be charged twice - if you are paying it up front, then it can't be added to your net cap cost.
If the taxes are calculated and collected up front, then the trade equity would reduce that obligation. Does Delaware calculate sales tax for a lease for the entire selling price or on the sum of the monthly payments?
I don't understand your statement about the money factor. .0006 is less than .0008.
I think you are correct that how I would like to do it, I don't owe anything on the trade so I can get the $7000 check from the dealer and then write them a check for $8407 which is tax, tags, fees, 7 MSD.
The way it was told to me is that in Delaware they charge 4% upfront tax and then the remaining 0.25 on the monthly payments.
The money factor would come down to 0.0008 for doing 7 MSD and It would come down even more to 0.0006 because I can get an employer discount through BMW and my companies partnership.
Overall, it looks like a pretty killer deal. I was just trying to understand the mechanics behind it.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
1) I don't understand why the money factors people are posting here appear to be so high. According to the BMW website it looks like the x5 sDrive35i is being offered for lease at $649/month for 36 months with 10k miles/year with an MSRP of $60,295. It requires $5,074 cash due at signing, which includes a $3,500 down payment. This figure does not include the $925 acquisition fee, but when I run the numbers at a capitalized cost of $61,220 (this is just the MSRP plus the $925 acquisition fee) it looks like for this vehicle to hit a $649/mo payment the money factor would have to be 0.0005. But I see people quoting 0.00131 money factors for an x5. How is this possible?
2) If I would like to lease this x5, does this mean that I can negotiate the MSRP of $60,295 down so that my monthly payment becomes lower than $649/mo without changing the down payment or cash due at signing? Using the same money factor of 0.0005 this means that if I negotiate the price of the car down by 5% this in turn will bring down the capitalized cost down to $58,159. This will cause my monthly payment to drop from $649/mo to $562.37. That seems great. Am I thinking about this correctly?
3) I am also looking at other vehicles with lease offers, such as the MB GLE350 which has a monthly payment of $579 with cash due at signing of $5,173. Can I do the math similarly? Is this how I should be thinking about negotiating a lease? Look at the lease specials that are posted on the website of the car manufacturers, back into what the money factor is, and then try to negotiate the MSRP down so that I can bring down the monthly payment even lower than what is advertised on the manufacturers' websites?
Thanks in advance for the help!
2) See #1. There is already a discount assumed to get that advertised price. There is also no guarantee that you can even negotiate that deal, let alone a better one (though, you might).
3) Advertised deals might give you a starting point, as to what the monthly payment might be. But, you negotiate a lease, just like a purchase. Negotiate a low selling price, and start from there.
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However, we don't recommend making one - if the car is stolen or totaled, you lose that money.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I have recently been debating about getting an X5. Currently own an 2013 RX350. Really new to this lease idea, so trying to understand if it makes sense to trade in and start a lease or sell private then start a lease?
If I trade in the car does value that go towards lowering the capitalized cost or does that trade in go towards paying the lease payments?
Thanks in Advance.
Instead consider using the equity for multiple security deposits to 'buy down' the money factor and lower your payment. The difference is that you get the MSD monies back at the end of the lease.
Another option is to simply have the dealer cut you a check for the equity.
You may get more for your car if you sell privately, but there may be tax advantages to trading in, depending on what state you live in.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I also see $1500 option credit, $1500 loyalty credit and $3000 lease credit for this model, so I agree that your offer might have some room to improve.
MSDs can be used to 'buy down' the MF - does not affect the GAP insurance.
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